McDonald's To Occupy 500k SF in West Loop
McDonald's highly anticipated HQ move from Oak Brook to the West Loop made more headlines yesterday with news that the hamburger giant expanded its footprint in the $250M, nine-story property Sterling Bay is building on the former Harpo Studios campus.
McDonald's originally signed a 15-year, 390k SF lease. Now, it's expected to occupy 500k SF, according to Crain's. That expanded footprint includes all of the project's office space and an unspecified amount of ground-level retail. McDonald's is expected to move to the West Loop in 2018.
In other McDonald's-related news, the company hired CBRE's Todd Lippman to market its Oak Brook campus to buyers in what will almost certainly be a value-add opportunity. [Crain's]